Looking for the answer to the question below related to Management?
A “think local, act local” multidomestic type of strategy
Options:
A. is very risky, given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods.
B. is usually defeated by a “think global, act global” type of strategy.
C. becomes more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and market conditions.
D. is generally an inferior strategy when one or more foreign competitors are pursuing a global low-cost strategy.
E. can defeat a global strategy if the “think local, act local” multicountry strategist concentrates its efforts exclusively in those foreign markets which have superior resources.
The Correct Answer Is:
- C. becomes more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and market conditions.
Conclusion
I hope you got the answer to your question.
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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